MyExpressHELOC™ • HELOC Education
A HELOC is a revolving line of credit secured by your home equity. You can access funds as needed while keeping your existing first mortgage in place.
A Home Equity Line of Credit, or HELOC, lets you borrow against the equity in your home. Instead of receiving one large lump sum like a traditional loan, a HELOC gives you a credit line that you can draw from as needed.
You can use a HELOC for home improvements, debt consolidation, emergency reserves, tuition, or other major expenses.
Start with a fast digital application and a soft-pull Experian FICO 9 eligibility review.
Your property, credit profile, occupancy, and available equity are reviewed under program guidelines.
Once approved, you can access funds as needed, instead of borrowing everything all at once.
A HELOC works more like a credit card secured by your home equity. You have an approved credit line, and you can draw from it when you need funds.
Many HELOCs have two stages:
Terms can vary, so always review your final loan documents carefully.
The amount you may qualify for depends on your home value, mortgage balance, credit score, occupancy type, income profile, and program guidelines.
Maximum loan amount:
Up to $750,000
No full appraisal:
Loan amounts ≤ $400,000 may use AVM or BPO valuation
Minimum FICO:
600 for primary and second homes
Investment properties:
680 minimum FICO
No. MyExpressHELOC™ uses a soft-pull Experian FICO 9 eligibility review. This lets you check options without impacting your credit score.
MyExpressHELOC™ offers digital HELOC options in all 50 states. Our primary SEO and marketing focus includes Texas, California, Florida, Colorado, Georgia, Washington, Illinois, North Carolina, Virginia, and Nevada.
Start with a soft-pull online eligibility check. It is fast, digital, and does not impact your credit score.
Loan amount eligibility varies by property, credit profile, occupancy, and location.
Yes, a HELOC is commonly structured as a separate lien secured by your home equity while your first mortgage remains in place.
Yes. One major benefit is that you may be able to access equity without replacing your current first mortgage.
No. A HELOC generally allows you to draw what you need, when you need it, subject to terms and availability.
No. For loan amounts of $400,000 or less, a full appraisal is not required. AVM or BPO valuation may be used.
MyExpressHELOC™ | Matthew Brown | Loan Factory, Inc. | NMLS #1254250 | Company NMLS #320841. Equal Housing Lender. Program details subject to change. Terms, conditions, and eligibility apply.